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Opinion: The path to modernizing the appraisal process

Housing Wire

These and other steps are sorely needed to bring the appraisal process in line with advances to digitize mortgages, utilizing technology to combat inconsistencies that continue to beleaguer the profession, and reduce closing slowdowns often caused by appraisal capacity issues. The modern appraisal movement is accelerating.

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Challenges and Opportunities in Appraising Mixed-Use Developments

Boston Appraisal

Mixed-use developments, which integrate residential, commercial, and sometimes industrial components within a single project, represent a modern approach to urban planning. However, appraising such complex properties presents unique challenges and opportunities for real estate professionals.

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Lenders mandated to use FHA Catalyst for appraisals

Housing Wire

The FHA Catalyst: Electronic Appraisal Delivery module will allow for the administration to expand their data collection and analysis capabilities. Meanwhile, lenders can electronically submit, track and manage single-family property appraisals, the FHA said. How increased regulation presents a huge opportunity for lenders.

Appraisal 422
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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

The original forms were designed before the digital age, to be completed on typewriters. Appraisal software companies have innovated the process of “filling out “these forms, but they are still constrained with the original typewriter design. Really, appraisers have always thought this way.

Appraisal 397
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The fate of HUD

Housing Wire

Few things terrify lenders more than the arrival of a manila envelope from the Department of Housing and Urban Development ( HUD ) containing a redlining allegation. As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality.

Insurance 340
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“I don’t want to say we’re archaic”: Appraisal Institute president vows reform

Housing Wire

The report was released as the Biden administration’s task force on appraisalsProperty Appraisal and Valuation Equity , or PAVE – has yet to make their own recommendations. The Appraisal Subcommittee stated they have “closely coordinated to share findings with the President’s PAVE initiative.” .

Appraisal 340
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Clear Capital Announces Desktop Appraisal, Desktop Property Data Collection Solutions

Clear Capital

Enhanced program designed to accelerate adoption of modern appraisal solutions by lenders. Clear Capital is now offering Desktop Appraisal, a GSE-compliant 1004 Desktop/70D residential appraisal that quickly delivers a reliable opinion of value with price certainty. March 30, 2022 —.